Page 189 - Palo Verde College 2019-2020 Student Handbook / Planner

Financial Aid
apply for federal aid. If you fail to remember your FSA ID, a request to retrieve your FSA ID can be done at https://fsaid.ed.gov/ npas/index.htm
REGISTERED DOMESTIC PARTNER Recent legislation extends new rights, benefits, responsibilities and obligations to individuals in domestic partnership registered to with the California Secretary of State under Section 297 of Family Code. These new provisions apply to state funded student financial aid ONLY, and not federal student financial aid.
RESIDENCY A California resident is one who has maintained a permanent residence in the state of California for the time of one year and one day or longer.
SATISFACTORY ACADEMIC PROGRESS To be eligible to receive federal student aid. You must maintain satisfactory academic progress towards your degree or certificate. You must meet the Financial Aid Department’s standards of satisfactory academic progress.
STATEMENT OF EDUCATIONAL PURPOSE/CERTIFICATION STATEMENT ON OVERPAYMENT
AND DEFAULT you must sign this statement in order to receive Federal Student Aid. By signing, you are stating that you do not owe a refund on a Federal grant, and that you are not in default on a Federal loan. You are also agreeing to use your student aid for EDUCATIONAL RELATED EXPENSES ONLY.
(Both statements are on the Free Application for Federal Student Aid [FAFSA])
STUDENT IAD REPORT (SAR) a report form indicating a student’s eligibility for Federal Grants.
UNMET NEED A student’s unmet need is determined by the following formula: FINANCIAL NEED — AID AWARDED = UNMET NEED
UNTAXED INCOME All income received that’s not taxed or may not be reported to the IRS, including Social Security benefits, welfare payments, untaxed capital gains, interest on tax-free bonds, clergy and military allowances and others.
VERIFICATION The procedure in which a college checks the information you report on the FAFSA, usually by requesting a copy of your (or your parents’) signed tax return and a Verification worksheet.
VETERAN For the FAFSA, a person who has engaged in active duty in the U.S. Armed Forces or is a National Guard or Reserve enlistee called to active duty, or was a cadet or midshipman at one of the service academies, and who was released under a
condition other than dishonorable; or who’ll be a veteran by June 30, 2010.
PELL GRANT FACTS
To receive a Pell Grant at Palo Verde College you must have completed the FAFSA and have a completed financial aid file. If you have not completed these steps, you will not receive your Pell Grant disbursement on the scheduled dates. Pell Grants are disbursed over the entire academic year: one-half in the fall and one-half in the spring. Each semester there are two disbursements. In order to receive your Pell Grant disbursement, you must attend Financial Aid Orientation and sign, and return your award letter. You must present a picture ID and your Social Security Card if you are picking up a physical check. If you forget to bring either ID, you will not be able to pick up your check. If you have signed up for the PVC Opportunity Card this will not apply to you, the funds will automatically be put on your card. Please do not send another person to pick up your check, as they will not be permitted to do so. Not every student receives the same amount of Pell Grant money. Your award depends on the calculated EFC (Expected Family Contribution) indicated on your SAR (Student Aid Report) and whether or not you live with parents or on your own. It also depends on the number of units in which you are enrolled. If you enroll in Distance Education courses, as opposed to regular courses, your financial aid could be drastically reduced. Also, remember, if you decrease the number of units you are taking, your Pell Grant money will also be decreased. You must also maintain satisfactory academic progress to receive the Pell Grant.
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